Week of October 15 to October 22, 2026 · Issue No. 18: Paid This Quarter

The Friday Five Scoreboard

Good research is not finished when an issue publishes. This is where the loop closes: every selection stays visible so the original reasoning can be read against what actually happened, including the ideas that did not work.

Issue No. 18 · 90 selections across 18 issues · 85 with a matured forward window.

Read This Week's Issue →

Market Theme

Paid this quarter

Nine of eleven sectors rose and the index still fell, because technology and communication services carry more weight between them than everything that gained. The market sold whatever has its payoff in a capital plan and bought earnings already in the bank, and all five picks reported on the same Thursday the index had its worst session since July.

Top Weekly Performer

Cons. Staples +3.8%

The best sector of the week at 3.82 percent, carried by a broad move across food and household names rather than by one result, with long yields down 14 basis points supporting the whole group.

Risk Tone

Dispersion, not direction

The index moved 1.04 percent while the semiconductor index fell 7.33 percent and the Dow rose 1.32 percent, so direction says almost nothing about this week and dispersion says everything. Unlike last week the VIX responded, rising 15.61 percent to 19.03, and Brent crude reached a five month high on Middle East supply risk. Market Risk Score 61 of 100.

Largest Issue-Week Move

ROP +14.06%

The biggest move inside the window the screen looked at, which closed before this issue published. The screen selected the name because of that move, so nobody earned it.

Highest Friday Five Score

ROP 88 / 100

This week the biggest mover is also the strongest research setup, which is unusual.

Overview

Where the record stands

The forward record: what happened to every Friday Five selection after it was published, measured against the S&P 500 over the identical dates. These are the figures that could have gone the other way.

Matured Picks

of 90 published, across 17 issues

Beat Rate

58.8%

50 of 85 matured picks

Average Forward Return

+0.99%

One week from the publication close, equally weighted

S&P 500

+0.23%

The same windows, the same dates

Relative Performance

+0.8 pts

The difference between the two figures beside it

Issues Published

90 selections since inception

See how the forward record is measured →

The other number on this page

88.9% of selections finished positive during the week they were identified. That is the screening record, and it describes the screen: those moves happened BEFORE publication, and the stocks were selected partly for having made them. They are not reader returns. See the Screening Record for what it does and does not show.

Issue No. 18 · October 23, 2026

This Week's Friday Five

This issue's 5 featured companies, ranked by : weekly performance, catalyst quality, sector strength, volume confirmation, and risk-adjusted setup quality. A high score does not mean buy now. It means the stock deserves closer research.

S&P 500 -1.04% Nasdaq -2.64%for the week

S&P 500 -1.04%Nasdaq -2.64%

01ROPup 14.1 percent88 02ALLEup 13.3 percent86 03NDAQup 10.5 percent84 04DOWup 7.3 percent80 05PGup 5.4 percent76

-17%0+17%

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Issue-Week Move	Sector	Catalyst	Friday Five Score	Actionability
01	ROP	Roper Technologies, Inc.	up 14.1 percent	Technology	Guidance RaiseThird quarter organic growth of 7 percent and full year adjusted guidance raised to 22.35 to 22.40 dollars a share	88	Fresh Breakout
02	ALLE	Allegion plc	up 13.3 percent	Industrials	Beat and RaiseAdjusted earnings of 2.60 dollars beat a 2.50 dollar consensus with the adjusted operating margin up to 24.7 percent, and full year guidance raised	86	News Spike
03	NDAQ	Nasdaq, Inc.	up 10.5 percent	Financials	Record Recurring RevenueIndex revenue up 39 percent and record annualised recurring revenue of 3.365 billion dollars on net revenue up 13 percent	84	Fresh Breakout
04	DOW	Dow Inc.	up 7.3 percent	Materials	Earnings InflectionOperating EBIT of 887 million dollars, up 707 million year over year, with operating earnings of 0.71 dollars against a 0.19 dollar loss	80	Fresh Breakout
05	PG	The Procter and Gamble Company	up 5.4 percent	Consumer Staples	Volume GrowthOrganic sales up 4.0 percent with 2.0 points from volume, against a full year guide of one to three percent	76	Extended

Returns are measured from the Thursday, October 15 close to the Thursday, October 22 close. Benchmarks: S&P 500 -1.0% and Nasdaq Composite -2.6% for the week. Benchmark figures are official index closes; sector figures use SPDR sector ETF closes because the official S&P sector index closes for this window were not yet published at press time.

What the labels mean

None of these labels is a buy or sell instruction. They describe the shape of the move, so you know how much caution the setup deserves before you research it.

Fresh Breakoutjust cleared a meaningful price level with volume behind it. The move is young.

Extendedalready far above its recent base after a long run. The risk of a pullback is elevated.

News Spikethe move came from a single headline. It can fade as quickly as it arrived.

Watch Pullbackworth researching, but a calmer entry may come if the price cools off.

Avoid for Nowthe setup, the risk, or the story does not justify research time this week.

The Primary Record

Performance After Publication

What happened after each Friday Five issue was published, measured from the publication close forward against the S&P 500 over the identical dates. This is separate from the issue-week move used to identify each stock, which is reported further down as the Screening Record. There is no model portfolio behind these figures: they weight every pick equally and ignore costs and taxes.

of 90 published

Picks with enough elapsed trading time to complete the one-week forward window, across 17 issues. The rest are shown as Not tracked rather than estimated.

Average Pick Return

up 1.0 percent

85 matured picks

First week after publication. 63.5% finished that week positive (54 of 85 picks).

up 0.2 percent

85 matched windows

The same measurement windows, averaged the same way. Not one index return across one long calendar period.

+0.8 pts

vs. S&P 500

Average pick return minus average S&P 500 return over matching periods. Percentage points, not percent: subtracting one rate from another does not give a rate.

58.8%

50 of 85 matured picks

Share of matured picks that outperformed the S&P 500 over the same forward window.

How to read this

Forward returns are historical observations over 17 issues and 85 matured windows. That is far too short a history to judge a process by, and it does not predict future performance. It is published because it is the measurement that could embarrass us, and right now it does.

Issue by issue

An average across 85 picks can be one bad week wearing a mask. This is how you check whether the aggregate is a pattern or an artefact.

Swipe or scroll horizontally to see every column.

Issue	Matured Picks	Average Pick Return	S&P 500	Excess Return	Beat Rate
Issue No. 01	5	down 5.5 percent	up 2.2 percent	−7.7 pts	0 of 5
Issue No. 02	5	down 0.4 percent	up 1.4 percent	−1.8 pts	1 of 5
Issue No. 03	5	down 1.7 percent	down 1.5 percent	−0.1 pts	2 of 5
Issue No. 04	5	down 1.9 percent	down 0.6 percent	−1.4 pts	2 of 5
Issue No. 05	5	up 0.7 percent	up 1.1 percent	−0.4 pts	2 of 5
Issue No. 06	5	up 2.8 percent	up 3.5 percent	−0.7 pts	3 of 5
Issue No. 07	5	up 2.5 percent	up 0.6 percent	+1.9 pts	4 of 5
Issue No. 08	5	up 2.7 percent	down 1.4 percent	+4.1 pts	4 of 5
Issue No. 09	5	up 0.9 percent	up 0.7 percent	+0.2 pts	3 of 5
Issue No. 10	5	up 3.9 percent	up 0.1 percent	+3.8 pts	4 of 5
Issue No. 11	5	up 0.1 percent	down 0.8 percent	+0.8 pts	3 of 5
Issue No. 12	5	down 0.2 percent	down 0.3 percent	+0.1 pts	4 of 5
Issue No. 13	5	up 1.0 percent	up 0.7 percent	+0.3 pts	2 of 5
Issue No. 14	5	up 1.9 percent	down 0.9 percent	+2.9 pts	3 of 5
Issue No. 15	5	up 6.2 percent	up 1.2 percent	+5.0 pts	5 of 5
Issue No. 16	5	up 0.6 percent	down 2.0 percent	+2.5 pts	4 of 5
Issue No. 17	5	up 3.3 percent	down 0.1 percent	+3.4 pts	4 of 5

Additional performance statistics

Averages are distorted by outliers in both directions, so the distribution is published beside them.

Median Pick Return

up 0.7 percent

85 matured picks

The middle observation. Where it sits relative to the average tells you which tail is doing the work.

Median Excess Return

+1.2 pts

85 matched windows

The middle pick against its own benchmark window, rather than the difference of two averages.

Best and Worst

up 18.0 percent / down 16.5 percent

TLN and SNDK

The full range of one-week outcomes after publication. Both stay on the board.

Every pick, tracked

Two different numbers, kept apart on purpose. The is what a stock did during the window it was screened from, which ends before the issue publishes: names are chosen partly FOR having moved, so a strong figure there is the screen describing itself. Everything to the right of it starts at the publication close.

A window that has not finished yet says Not tracked. It is never filled in with an estimate, and never with the issue-week figure wearing a different label.

Swipe or scroll horizontally to see every column.

Ticker	Issue	Issue-Week Move	After Publication, 1 week	After Publication, 1 month	Vs. S&P 500, 1 week
BLK	Issue No. 17	up 5.2 percent	down 1.6 percent	Not tracked	−1.6 pts
CCI	Issue No. 17	up 16.1 percent	up 6.5 percent	Not tracked	+6.5 pts
KMB	Issue No. 17	up 6.5 percent	up 3.7 percent	Not tracked	+3.8 pts
REGN	Issue No. 17	up 7.7 percent	up 2.3 percent	Not tracked	+2.3 pts
UNH	Issue No. 17	up 9.6 percent	up 5.6 percent	Not tracked	+5.7 pts
CEG	Issue No. 16	up 10.1 percent	down 9.0 percent	Not tracked	−7.0 pts
MPC	Issue No. 16	up 10.3 percent	up 5.1 percent	Not tracked	+7.0 pts
OPCH	Issue No. 16	up 37.5 percent	up 0.4 percent	Not tracked	+2.4 pts
PTC	Issue No. 16	up 32.3 percent	down 0.8 percent	Not tracked	+1.2 pts
STZ	Issue No. 16	up 9.4 percent	up 7.1 percent	Not tracked	+9.1 pts
ACN	Issue No. 15	up 19.7 percent	up 5.1 percent	Not tracked	+4.0 pts
CCL	Issue No. 15	up 15.1 percent	up 2.3 percent	Not tracked	+1.1 pts
SNPS	Issue No. 15	up 15.4 percent	up 4.1 percent	Not tracked	+2.9 pts
TLN	Issue No. 15	up 7.7 percent	up 18.0 percent	Not tracked	+16.9 pts
UTHR	Issue No. 15	up 21.0 percent	up 1.4 percent	Not tracked	+0.2 pts
ILMN	Issue No. 14	up 14.3 percent	down 1.6 percent	Not tracked	−0.6 pts
META	Issue No. 14	up 16.8 percent	down 3.4 percent	Not tracked	−2.5 pts
NEE	Issue No. 14	down 6.0 percent	up 0.3 percent	Not tracked	+1.3 pts
OKTA	Issue No. 14	up 13.3 percent	up 8.9 percent	Not tracked	+9.9 pts
VLO	Issue No. 14	down 7.4 percent	up 5.5 percent	Not tracked	+6.5 pts
GNRC	Issue No. 13	up 14.2 percent	down 4.5 percent	down 7.1 percent	−5.3 pts
KR	Issue No. 13	up 5.4 percent	down 1.8 percent	up 6.0 percent	−2.5 pts
MPC	Issue No. 13	up 8.3 percent	down 8.0 percent	up 12.5 percent	−8.7 pts
NTRA	Issue No. 13	up 13.3 percent	up 10.7 percent	up 6.5 percent	+9.9 pts
ZS	Issue No. 13	up 20.7 percent	up 8.8 percent	up 5.1 percent	+8.1 pts
ASO	Issue No. 12	up 24.1 percent	down 12.8 percent	down 3.4 percent	−12.4 pts
DOCN	Issue No. 12	up 19.8 percent	up 5.8 percent	up 9.7 percent	+6.2 pts
HCA	Issue No. 12	up 2.9 percent	up 0.2 percent	up 5.7 percent	+0.5 pts
NET	Issue No. 12	up 9.4 percent	up 5.6 percent	up 17.8 percent	+5.9 pts
SIG	Issue No. 12	up 19.1 percent	up 0.1 percent	up 5.0 percent	+0.5 pts
BBY	Issue No. 11	up 4.7 percent	up 0.6 percent	down 2.5 percent	+1.4 pts
CF	Issue No. 11	up 9.6 percent	down 0.2 percent	down 13.8 percent	+0.6 pts
DE	Issue No. 11	up 11.5 percent	down 2.6 percent	down 0.9 percent	−1.8 pts
DELL	Issue No. 11	up 9.3 percent	up 8.2 percent	up 7.3 percent	+9.0 pts
GTLB	Issue No. 11	up 10.0 percent	down 5.7 percent	down 0.1 percent	−4.9 pts
CLF	Issue No. 10	up 10.2 percent	up 7.6 percent	up 4.8 percent	+7.5 pts
CRM	Issue No. 10	up 22.7 percent	up 1.3 percent	down 8.6 percent	+1.1 pts
DG	Issue No. 10	up 4.4 percent	up 8.4 percent	up 1.6 percent	+8.3 pts
OKTA	Issue No. 10	up 28.9 percent	up 2.6 percent	up 17.4 percent	+2.5 pts
VEEV	Issue No. 10	up 12.6 percent	down 0.6 percent	up 1.4 percent	−0.7 pts
EL	Issue No. 09	up 10.1 percent	up 4.2 percent	down 8.3 percent	+3.5 pts
MRNA	Issue No. 09	up 109.5 percent	down 1.6 percent	up 6.1 percent	−2.3 pts
MRVL	Issue No. 09	up 13.0 percent	up 1.9 percent	up 3.0 percent	+1.2 pts
STLD	Issue No. 09	down 15.9 percent	up 3.1 percent	up 2.9 percent	+2.4 pts
TNK	Issue No. 09	up 9.1 percent	down 3.1 percent	up 10.9 percent	−3.8 pts
APO	Issue No. 08	up 12.2 percent	down 5.7 percent	down 8.4 percent	−4.4 pts
HALO	Issue No. 08	up 17.4 percent	up 9.6 percent	up 8.7 percent	+11.0 pts
MP	Issue No. 08	up 17.2 percent	up 2.2 percent	down 14.0 percent	+3.6 pts
MPC	Issue No. 08	up 19.1 percent	up 1.5 percent	up 11.4 percent	+2.9 pts
TEAM	Issue No. 08	up 50.7 percent	up 5.9 percent	up 10.8 percent	+7.3 pts
ARES	Issue No. 07	up 11.3 percent	up 9.2 percent	up 2.4 percent	+8.6 pts
CACI	Issue No. 07	up 31.7 percent	up 4.0 percent	down 3.2 percent	+3.4 pts
CRL	Issue No. 07	up 13.2 percent	up 5.2 percent	up 7.8 percent	+4.5 pts
ELF	Issue No. 07	up 12.2 percent	down 6.5 percent	up 11.3 percent	−7.1 pts
ZBRA	Issue No. 07	up 26.2 percent	up 0.8 percent	down 3.6 percent	+0.2 pts
GEHC	Issue No. 06	up 12.8 percent	up 5.5 percent	up 5.5 percent	+2.0 pts
KO	Issue No. 06	up 9.0 percent	down 0.6 percent	up 2.4 percent	−4.1 pts
META	Issue No. 06	down 11.1 percent	up 6.4 percent	up 3.8 percent	+2.9 pts
MSFT	Issue No. 06	up 18.2 percent	up 7.6 percent	up 10.5 percent	+4.1 pts
VLO	Issue No. 06	up 2.1 percent	down 4.7 percent	up 12.6 percent	−8.2 pts
CLF	Issue No. 05	up 15.0 percent	down 3.4 percent	down 5.5 percent	−4.5 pts
EQT	Issue No. 05	up 8.1 percent	up 0.5 percent	up 1.3 percent	−0.6 pts
GM	Issue No. 05	up 3.8 percent	up 7.5 percent	up 6.4 percent	+6.4 pts
ISRG	Issue No. 05	down 17.5 percent	up 4.7 percent	up 12.2 percent	+3.6 pts
SMCI	Issue No. 05	up 26.4 percent	down 5.7 percent	up 23.7 percent	−6.8 pts
AEHR	Issue No. 04	up 10.5 percent	down 5.8 percent	up 65.4 percent	−5.3 pts
BLK	Issue No. 04	up 6.6 percent	down 1.5 percent	up 9.5 percent	−0.9 pts
IBM	Issue No. 04	down 25.8 percent	up 0.7 percent	up 10.2 percent	+1.3 pts
PNR	Issue No. 04	down 11.9 percent	up 0.7 percent	up 5.9 percent	+1.3 pts
VOD	Issue No. 04	up 19.4 percent	down 3.8 percent	up 4.3 percent	−3.2 pts
CRNX	Issue No. 03	up 98.0 percent	up 0.3 percent	up 0.6 percent	+1.9 pts
FANG	Issue No. 03	up 5.8 percent	up 6.6 percent	up 2.5 percent	+8.2 pts
KR	Issue No. 03	up 2.8 percent	down 2.8 percent	down 6.3 percent	−1.3 pts
LASR	Issue No. 03	up 18.1 percent	down 3.9 percent	down 22.1 percent	−2.4 pts
LITE	Issue No. 03	up 7.9 percent	down 8.6 percent	up 11.0 percent	−7.1 pts
JPM	Issue No. 02	up 1.2 percent	up 0.6 percent	up 5.2 percent	−0.8 pts
KMI	Issue No. 02	down 3.4 percent	up 0.2 percent	up 0.4 percent	−1.2 pts
LMT	Issue No. 02	up 7.6 percent	down 4.2 percent	up 6.8 percent	−5.5 pts
NUE	Issue No. 02	down 7.9 percent	up 3.0 percent	up 16.6 percent	+1.6 pts
RTX	Issue No. 02	up 6.0 percent	down 1.7 percent	up 8.0 percent	−3.0 pts
APGE	Issue No. 01	up 46.8 percent	up 0.3 percent	up 1.3 percent	−1.9 pts
JPM	Issue No. 01	up 3.0 percent	up 1.6 percent	up 7.3 percent	−0.5 pts
MS	Issue No. 01	down 0.9 percent	up 0.9 percent	up 1.2 percent	−1.3 pts
MU	Issue No. 01	up 7.0 percent	down 13.8 percent	down 18.7 percent	−16.0 pts
SNDK	Issue No. 01	up 6.9 percent	down 16.5 percent	down 31.3 percent	−18.7 pts

Returns are from split-adjusted closes, excluding dividends, measured from the publication reference close forward. The benchmark is measured over the identical window on the identical basis. Definitions: Performance Methodology.

Every Selection

Search the Record

All 90 published selections across 18 issues. Filter by issue, sector or actionability, sort by any figure, and open a row for the catalyst, the thesis and what would have broken it. Picks whose forward window has not elapsed read Not trackedrather than being estimated, and losers are here on the same terms as winners.

Search the record

Issue

Sector

Actionability

Forward window

Versus S&P 500

Sort by

Showing 90 of 90 published picks, sorted newest issue first.

ALLEAllegion plcIssue No. 18 · October 23, 2026 · Industrials

FF Score: 86
Issue-week move: up 13.3 percent
1-week forward: Not tracked
S&P 500: Not tracked
Relative: Not tracked

News SpikeBeat and Raise

DOWDow Inc.Issue No. 18 · October 23, 2026 · Materials

FF Score: 80
Issue-week move: up 7.3 percent
1-week forward: Not tracked
S&P 500: Not tracked
Relative: Not tracked

Fresh BreakoutEarnings Inflection

NDAQNasdaq, Inc.Issue No. 18 · October 23, 2026 · Financials

FF Score: 84
Issue-week move: up 10.5 percent
1-week forward: Not tracked
S&P 500: Not tracked
Relative: Not tracked

Fresh BreakoutRecord Recurring Revenue

PGThe Procter and Gamble CompanyIssue No. 18 · October 23, 2026 · Consumer Staples

FF Score: 76
Issue-week move: up 5.4 percent
1-week forward: Not tracked
S&P 500: Not tracked
Relative: Not tracked

ExtendedVolume Growth

ROPRoper Technologies, Inc.Issue No. 18 · October 23, 2026 · Technology

FF Score: 88
Issue-week move: up 14.1 percent
1-week forward: Not tracked
S&P 500: Not tracked
Relative: Not tracked

Fresh BreakoutGuidance Raise

BLKBlackRock, Inc.Issue No. 17 · 2026-10-16 · Financials

FF Score: Not scored
Issue-week move: up 5.2 percent
1-week forward: down 1.6 percent
S&P 500: down 0.1 percent
Relative: −1.6 pts

Record InflowsTrailed the S&P 500

CCICrown Castle Inc.Issue No. 17 · October 16, 2026 · Real Estate

FF Score: Not scored
Issue-week move: up 16.1 percent
1-week forward: up 6.5 percent
S&P 500: down 0.1 percent
Relative: +6.5 pts

Spectrum DealBeat the S&P 500

KMBKimberly-Clark CorporationIssue No. 17 · October 16, 2026 · Consumer Staples

FF Score: Not scored
Issue-week move: up 6.5 percent
1-week forward: up 3.7 percent
S&P 500: down 0.1 percent
Relative: +3.8 pts

Merger ClearanceBeat the S&P 500

REGNRegeneron Pharmaceuticals, Inc.Issue No. 17 · October 16, 2026 · Health Care

FF Score: Not scored
Issue-week move: up 7.7 percent
1-week forward: up 2.3 percent
S&P 500: down 0.1 percent
Relative: +2.3 pts

Clinical DataBeat the S&P 500

UNHUnitedHealth Group IncorporatedIssue No. 17 · October 16, 2026 · Health Care

FF Score: Not scored
Issue-week move: up 9.6 percent
1-week forward: up 5.6 percent
S&P 500: down 0.1 percent
Relative: +5.7 pts

Beat and RaiseBeat the S&P 500

CEGConstellation Energy CorporationIssue No. 16 · October 9, 2026 · Utilities

FF Score: Not scored
Issue-week move: up 10.1 percent
1-week forward: down 9.0 percent
S&P 500: down 2.0 percent
Relative: −7.0 pts

Contract WinTrailed the S&P 500

MPCMarathon Petroleum CorporationIssue No. 16 · 2026-10-09 · Energy

FF Score: Not scored
Issue-week move: up 10.3 percent
1-week forward: up 5.1 percent
S&P 500: down 2.0 percent
Relative: +7.0 pts

Margin ExpansionBeat the S&P 500

OPCHOption Care Health, Inc.Issue No. 16 · October 9, 2026 · Health Care

FF Score: Not scored
Issue-week move: up 37.5 percent
1-week forward: up 0.4 percent
S&P 500: down 2.0 percent
Relative: +2.4 pts

AcquisitionBuyoutBeat the S&P 500

PTCPTC Inc.Issue No. 16 · October 9, 2026 · Technology

FF Score: Not scored
Issue-week move: up 32.3 percent
1-week forward: down 0.8 percent
S&P 500: down 2.0 percent
Relative: +1.2 pts

AcquisitionBuyoutBeat the S&P 500

STZConstellation Brands, Inc.Issue No. 16 · October 9, 2026 · Consumer Staples

FF Score: Not scored
Issue-week move: up 9.4 percent
1-week forward: up 7.1 percent
S&P 500: down 2.0 percent
Relative: +9.1 pts

Earnings BeatBeat the S&P 500

ACNAccenture plcIssue No. 15 · October 2, 2026 · Technology

FF Score: Not scored
Issue-week move: up 19.7 percent
1-week forward: up 5.1 percent
S&P 500: up 1.2 percent
Relative: +4.0 pts

Record BookingsBeat the S&P 500

CCLCarnival Corporation & plcIssue No. 15 · October 2, 2026 · Consumer Discretionary

FF Score: Not scored
Issue-week move: up 15.1 percent
1-week forward: up 2.3 percent
S&P 500: up 1.2 percent
Relative: +1.1 pts

Record ResultsBeat the S&P 500

SNPSSynopsys, Inc.Issue No. 15 · October 2, 2026 · Technology

FF Score: Not scored
Issue-week move: up 15.4 percent
1-week forward: up 4.1 percent
S&P 500: up 1.2 percent
Relative: +2.9 pts

Guidance RaiseBeat the S&P 500

TLNTalen Energy CorporationIssue No. 15 · October 2, 2026 · Utilities

FF Score: Not scored
Issue-week move: up 7.7 percent
1-week forward: up 18.0 percent
S&P 500: up 1.2 percent
Relative: +16.9 pts

Capital ReturnsBeat the S&P 500

UTHRUnited Therapeutics CorporationIssue No. 15 · October 2, 2026 · Health Care

FF Score: Not scored
Issue-week move: up 21.0 percent
1-week forward: up 1.4 percent
S&P 500: up 1.2 percent
Relative: +0.2 pts

Patent RulingBeat the S&P 500

ILMNIllumina, Inc.Issue No. 14 · 2026-09-25 · Health Care

FF Score: 71
Issue-week move: up 14.3 percent
1-week forward: down 1.6 percent
S&P 500: down 0.9 percent
Relative: −0.6 pts

ExtendedIndex InclusionTrailed the S&P 500

METAMeta Platforms, Inc.Issue No. 14 · 2026-09-25 · Communication Services

FF Score: 84
Issue-week move: up 16.8 percent
1-week forward: down 3.4 percent
S&P 500: down 0.9 percent
Relative: −2.5 pts

ExtendedAdoption DataTrailed the S&P 500

NEENextEra Energy, Inc.Issue No. 14 · September 25, 2026 · Utilities

FF Score: Not scored
Issue-week move: down 6.0 percent
1-week forward: up 0.3 percent
S&P 500: down 0.9 percent
Relative: +1.3 pts

Rate ShockBeat the S&P 500

OKTAOkta, Inc.Issue No. 14 · 2026-09-25 · Technology

FF Score: 79
Issue-week move: up 13.3 percent
1-week forward: up 8.9 percent
S&P 500: down 0.9 percent
Relative: +9.9 pts

ExtendedStandards CoalitionBeat the S&P 500

VLOValero Energy CorporationIssue No. 14 · September 25, 2026 · Energy

FF Score: Not scored
Issue-week move: down 7.4 percent
1-week forward: up 5.5 percent
S&P 500: down 0.9 percent
Relative: +6.5 pts

Policy ShockBeat the S&P 500

GNRCGenerac HoldingsIssue No. 13 · September 18, 2026 · Industrials

FF Score: Not scored
Issue-week move: up 14.2 percent
1-week forward: down 4.5 percent
S&P 500: up 0.7 percent
Relative: −5.3 pts

Contract WinTrailed the S&P 500

KRThe Kroger Co.Issue No. 13 · 2026-09-18 · Consumer Staples

FF Score: Not scored
Issue-week move: up 5.4 percent
1-week forward: down 1.8 percent
S&P 500: up 0.7 percent
Relative: −2.5 pts

Guidance CutTrailed the S&P 500

MPCMarathon Petroleum CorporationIssue No. 13 · 2026-09-18 · Energy

FF Score: Not scored
Issue-week move: up 8.3 percent
1-week forward: down 8.0 percent
S&P 500: up 0.7 percent
Relative: −8.7 pts

Margin ExpansionTrailed the S&P 500

NTRANatera, Inc.Issue No. 13 · September 18, 2026 · Health Care

FF Score: 71
Issue-week move: up 13.3 percent
1-week forward: up 10.7 percent
S&P 500: up 0.7 percent
Relative: +9.9 pts

ExtendedClinical DataBeat the S&P 500

ZSZscaler, Inc.Issue No. 13 · September 18, 2026 · Technology

FF Score: Not scored
Issue-week move: up 20.7 percent
1-week forward: up 8.8 percent
S&P 500: up 0.7 percent
Relative: +8.1 pts

Sector ReratingBeat the S&P 500

ASOAcademy Sports and Outdoors, Inc.Issue No. 12 · September 11, 2026 · Consumer Discretionary

FF Score: Not scored
Issue-week move: up 24.1 percent
1-week forward: down 12.8 percent
S&P 500: down 0.3 percent
Relative: −12.4 pts

Guidance RaiseTrailed the S&P 500

DOCNDigitalOcean Holdings, Inc.Issue No. 12 · September 11, 2026 · Technology

FF Score: Not scored
Issue-week move: up 19.8 percent
1-week forward: up 5.8 percent
S&P 500: down 0.3 percent
Relative: +6.2 pts

Outlook RaiseBeat the S&P 500

HCAHCA Healthcare, Inc.Issue No. 12 · September 11, 2026 · Health Care

FF Score: Not scored
Issue-week move: up 2.9 percent
1-week forward: up 0.2 percent
S&P 500: down 0.3 percent
Relative: +0.5 pts

Demand ConfirmationBeat the S&P 500

NETCloudflare, Inc.Issue No. 12 · September 11, 2026 · Technology

FF Score: Not scored
Issue-week move: up 9.4 percent
1-week forward: up 5.6 percent
S&P 500: down 0.3 percent
Relative: +5.9 pts

Outlook RaiseBeat the S&P 500

SIGSignet Jewelers LimitedIssue No. 12 · September 11, 2026 · Consumer Discretionary

FF Score: 84
Issue-week move: up 19.1 percent
1-week forward: up 0.1 percent
S&P 500: down 0.3 percent
Relative: +0.5 pts

News SpikeGuidance RaiseBeat the S&P 500

BBYBest BuyIssue No. 11 · September 4, 2026 · Consumer Discretionary

FF Score: Not scored
Issue-week move: up 4.7 percent
1-week forward: up 0.6 percent
S&P 500: down 0.8 percent
Relative: +1.4 pts

Guidance RaiseBeat the S&P 500

CFCF Industries HoldingsIssue No. 11 · September 4, 2026 · Materials

FF Score: Not scored
Issue-week move: up 9.6 percent
1-week forward: down 0.2 percent
S&P 500: down 0.8 percent
Relative: +0.6 pts

Supply ShockBeat the S&P 500

DEDeere & CompanyIssue No. 11 · September 4, 2026 · Industrials

FF Score: Not scored
Issue-week move: up 11.5 percent
1-week forward: down 2.6 percent
S&P 500: down 0.8 percent
Relative: −1.8 pts

Cycle TurnTrailed the S&P 500

DELLDell TechnologiesIssue No. 11 · September 4, 2026 · Technology

FF Score: Not scored
Issue-week move: up 9.3 percent
1-week forward: up 8.2 percent
S&P 500: down 0.8 percent
Relative: +9.0 pts

Guidance RaiseBeat the S&P 500

GTLBGitLabIssue No. 11 · September 4, 2026 · Technology

FF Score: Not scored
Issue-week move: up 10.0 percent
1-week forward: down 5.7 percent
S&P 500: down 0.8 percent
Relative: −4.9 pts

Beat and RaiseTrailed the S&P 500

CLFCleveland-Cliffs Inc.Issue No. 10 · 2026-08-28 · Materials

FF Score: Not scored
Issue-week move: up 10.2 percent
1-week forward: up 7.6 percent
S&P 500: up 0.1 percent
Relative: +7.5 pts

Capacity InvestmentBeat the S&P 500

CRMSalesforce, Inc.Issue No. 10 · 2026-08-28 · Technology

FF Score: 85
Issue-week move: up 22.7 percent
1-week forward: up 1.3 percent
S&P 500: up 0.1 percent
Relative: +1.1 pts

Fresh BreakoutGuidance RaiseBeat the S&P 500

DGDollar General CorporationIssue No. 10 · August 28, 2026 · Consumer Staples

FF Score: Not scored
Issue-week move: up 4.4 percent
1-week forward: up 8.4 percent
S&P 500: up 0.1 percent
Relative: +8.3 pts

Guidance RaiseBeat the S&P 500

OKTAOkta, Inc.Issue No. 10 · August 28, 2026 · Technology

FF Score: Not scored
Issue-week move: up 28.9 percent
1-week forward: up 2.6 percent
S&P 500: up 0.1 percent
Relative: +2.5 pts

Guidance RaiseBeat the S&P 500

VEEVVeeva Systems Inc.Issue No. 10 · 2026-08-28 · Health Care

FF Score: 84
Issue-week move: up 12.6 percent
1-week forward: down 0.6 percent
S&P 500: up 0.1 percent
Relative: −0.7 pts

ExtendedGuidance RaiseTrailed the S&P 500

ELThe Estee Lauder Companies Inc.Issue No. 09 · August 21, 2026 · Consumer Staples

FF Score: Not scored
Issue-week move: up 10.1 percent
1-week forward: up 4.2 percent
S&P 500: up 0.7 percent
Relative: +3.5 pts

Beat and RaiseBeat the S&P 500

MRNAModerna, Inc.Issue No. 09 · August 21, 2026 · Health Care

FF Score: 79
Issue-week move: up 109.5 percent
1-week forward: down 1.6 percent
S&P 500: up 0.7 percent
Relative: −2.3 pts

News SpikeTrial ReadoutTrailed the S&P 500

MRVLMarvell Technology, Inc.Issue No. 09 · August 21, 2026 · Technology

FF Score: Not scored
Issue-week move: up 13.0 percent
1-week forward: up 1.9 percent
S&P 500: up 0.7 percent
Relative: +1.2 pts

Contract WinBeat the S&P 500

STLDSteel Dynamics, Inc.Issue No. 09 · August 21, 2026 · Materials

FF Score: Not scored
Issue-week move: down 15.9 percent
1-week forward: up 3.1 percent
S&P 500: up 0.7 percent
Relative: +2.4 pts

Policy ShockBeat the S&P 500

TNKTeekay Tankers Ltd.Issue No. 09 · August 21, 2026 · Energy

FF Score: Not scored
Issue-week move: up 9.1 percent
1-week forward: down 3.1 percent
S&P 500: up 0.7 percent
Relative: −3.8 pts

Supply ShockTrailed the S&P 500

APOApollo Global Management, Inc.Issue No. 08 · August 14, 2026 · Financials

FF Score: Not scored
Issue-week move: up 12.2 percent
1-week forward: down 5.7 percent
S&P 500: down 1.4 percent
Relative: −4.4 pts

Structural DemandTrailed the S&P 500

HALOHalozyme Therapeutics, Inc.Issue No. 08 · August 14, 2026 · Health Care

FF Score: Not scored
Issue-week move: up 17.4 percent
1-week forward: up 9.6 percent
S&P 500: down 1.4 percent
Relative: +11.0 pts

Guidance RaiseBeat the S&P 500

MPMP Materials Corp.Issue No. 08 · August 14, 2026 · Materials

FF Score: 81
Issue-week move: up 17.2 percent
1-week forward: up 2.2 percent
S&P 500: down 1.4 percent
Relative: +3.6 pts

ExtendedVolume InflectionBeat the S&P 500

MPCMarathon Petroleum CorporationIssue No. 08 · August 14, 2026 · Energy

FF Score: Not scored
Issue-week move: up 19.1 percent
1-week forward: up 1.5 percent
S&P 500: down 1.4 percent
Relative: +2.9 pts

Supply ShockBeat the S&P 500

TEAMAtlassian CorporationIssue No. 08 · August 14, 2026 · Technology

FF Score: 86
Issue-week move: up 50.7 percent
1-week forward: up 5.9 percent
S&P 500: down 1.4 percent
Relative: +7.3 pts

Fresh BreakoutEarnings BeatBeat the S&P 500

ARESAres ManagementIssue No. 07 · August 7, 2026 · Financials

FF Score: Not scored
Issue-week move: up 11.3 percent
1-week forward: up 9.2 percent
S&P 500: up 0.6 percent
Relative: +8.6 pts

Record FundraisingBeat the S&P 500

CACICACI InternationalIssue No. 07 · August 7, 2026 · Industrials

FF Score: Not scored
Issue-week move: up 31.7 percent
1-week forward: up 4.0 percent
S&P 500: up 0.6 percent
Relative: +3.4 pts

Guidance RaiseBeat the S&P 500

CRLCharles River LaboratoriesIssue No. 07 · August 7, 2026 · Health Care

FF Score: Not scored
Issue-week move: up 13.2 percent
1-week forward: up 5.2 percent
S&P 500: up 0.6 percent
Relative: +4.5 pts

Guidance RaiseBeat the S&P 500

ELFe.l.f. BeautyIssue No. 07 · August 7, 2026 · Consumer Staples

FF Score: Not scored
Issue-week move: up 12.2 percent
1-week forward: down 6.5 percent
S&P 500: up 0.6 percent
Relative: −7.1 pts

Guidance RaiseTrailed the S&P 500

ZBRAZebra TechnologiesIssue No. 07 · August 7, 2026 · Technology

FF Score: Not scored
Issue-week move: up 26.2 percent
1-week forward: up 0.8 percent
S&P 500: up 0.6 percent
Relative: +0.2 pts

Guidance RaiseBeat the S&P 500

GEHCGE HealthCareIssue No. 06 · July 31, 2026 · Health Care

FF Score: Not scored
Issue-week move: up 12.8 percent
1-week forward: up 5.5 percent
S&P 500: up 3.5 percent
Relative: +2.0 pts

Order AccelerationBeat the S&P 500

KOCoca-ColaIssue No. 06 · July 31, 2026 · Consumer Staples

FF Score: Not scored
Issue-week move: up 9.0 percent
1-week forward: down 0.6 percent
S&P 500: up 3.5 percent
Relative: −4.1 pts

Beat and RaiseTrailed the S&P 500

METAMeta PlatformsIssue No. 06 · July 31, 2026 · Communication Services

FF Score: Not scored
Issue-week move: down 11.1 percent
1-week forward: up 6.4 percent
S&P 500: up 3.5 percent
Relative: +2.9 pts

Capex BacklashBeat the S&P 500

MSFTMicrosoftIssue No. 06 · 2026-07-31 · Technology

FF Score: 91
Issue-week move: up 18.2 percent
1-week forward: up 7.6 percent
S&P 500: up 3.5 percent
Relative: +4.1 pts

ExtendedCloud ReaccelerationBeat the S&P 500

VLOValero EnergyIssue No. 06 · 2026-07-31 · Energy

FF Score: 78
Issue-week move: up 2.1 percent
1-week forward: down 4.7 percent
S&P 500: up 3.5 percent
Relative: −8.2 pts

Watch PullbackRecord EarningsTrailed the S&P 500

CLFCleveland-CliffsIssue No. 05 · July 24, 2026 · Materials

FF Score: 72
Issue-week move: up 15.0 percent
1-week forward: down 3.4 percent
S&P 500: up 1.1 percent
Relative: −4.5 pts

ExtendedEarnings InflectionTrailed the S&P 500

EQTEQT CorporationIssue No. 05 · July 24, 2026 · Energy

FF Score: Not scored
Issue-week move: up 8.1 percent
1-week forward: up 0.5 percent
S&P 500: up 1.1 percent
Relative: −0.6 pts

Guidance RaiseTrailed the S&P 500

GMGeneral MotorsIssue No. 05 · July 24, 2026 · Consumer Discretionary

FF Score: Not scored
Issue-week move: up 3.8 percent
1-week forward: up 7.5 percent
S&P 500: up 1.1 percent
Relative: +6.4 pts

Beat and RaiseBeat the S&P 500

ISRGIntuitive SurgicalIssue No. 05 · July 24, 2026 · Health Care

FF Score: Not scored
Issue-week move: down 17.5 percent
1-week forward: up 4.7 percent
S&P 500: up 1.1 percent
Relative: +3.6 pts

Guidance DisappointmentBeat the S&P 500

SMCISuper Micro ComputerIssue No. 05 · July 24, 2026 · Technology

FF Score: Not scored
Issue-week move: up 26.4 percent
1-week forward: down 5.7 percent
S&P 500: up 1.1 percent
Relative: −6.8 pts

Preliminary UpdateTrailed the S&P 500

AEHRAehr Test SystemsIssue No. 04 · July 17, 2026 · Technology

FF Score: Not scored
Issue-week move: up 10.5 percent
1-week forward: down 5.8 percent
S&P 500: down 0.6 percent
Relative: −5.3 pts

Guidance RaiseTrailed the S&P 500

BLKBlackRockIssue No. 04 · July 17, 2026 · Financials

FF Score: Not scored
Issue-week move: up 6.6 percent
1-week forward: down 1.5 percent
S&P 500: down 0.6 percent
Relative: −0.9 pts

Earnings BeatTrailed the S&P 500

IBMIBMIssue No. 04 · July 17, 2026 · Technology

FF Score: Not scored
Issue-week move: down 25.8 percent
1-week forward: up 0.7 percent
S&P 500: down 0.6 percent
Relative: +1.3 pts

Profit WarningBeat the S&P 500

PNRPentairIssue No. 04 · July 17, 2026 · Industrials

FF Score: Not scored
Issue-week move: down 11.9 percent
1-week forward: up 0.7 percent
S&P 500: down 0.6 percent
Relative: +1.3 pts

Guidance CutBeat the S&P 500

VODVodafone GroupIssue No. 04 · July 17, 2026 · Communication Services

FF Score: 74
Issue-week move: up 19.4 percent
1-week forward: down 3.8 percent
S&P 500: down 0.6 percent
Relative: −3.2 pts

News SpikeOwnership ChangeTrailed the S&P 500

CRNXCrinetics PharmaceuticalsIssue No. 03 · July 10, 2026 · Health Care

FF Score: 83
Issue-week move: up 98.0 percent
1-week forward: up 0.3 percent
S&P 500: down 1.5 percent
Relative: +1.9 pts

News SpikeAcquisitionBuyoutBeat the S&P 500

FANGDiamondback EnergyIssue No. 03 · July 10, 2026 · Energy

FF Score: Not scored
Issue-week move: up 5.8 percent
1-week forward: up 6.6 percent
S&P 500: down 1.5 percent
Relative: +8.2 pts

Macro CatalystBeat the S&P 500

KRKrogerIssue No. 03 · July 10, 2026 · Consumer Staples

FF Score: Not scored
Issue-week move: up 2.8 percent
1-week forward: down 2.8 percent
S&P 500: down 1.5 percent
Relative: −1.3 pts

AcquisitionTrailed the S&P 500

LASRnLIGHTIssue No. 03 · July 10, 2026 · Technology

FF Score: Not scored
Issue-week move: up 18.1 percent
1-week forward: down 3.9 percent
S&P 500: down 1.5 percent
Relative: −2.4 pts

Contract WinTrailed the S&P 500

LITELumentumIssue No. 03 · July 10, 2026 · Technology

FF Score: Not scored
Issue-week move: up 7.9 percent
1-week forward: down 8.6 percent
S&P 500: down 1.5 percent
Relative: −7.1 pts

Sector MomentumTrailed the S&P 500

JPMJPMorgan ChaseIssue No. 02 · July 3, 2026 · Financials

FF Score: 82
Issue-week move: up 1.2 percent
1-week forward: up 0.6 percent
S&P 500: up 1.4 percent
Relative: −0.8 pts

Watch PullbackCapital ReturnsTrailed the S&P 500

KMIKinder MorganIssue No. 02 · July 3, 2026 · Energy

FF Score: Not scored
Issue-week move: down 3.4 percent
1-week forward: up 0.2 percent
S&P 500: up 1.4 percent
Relative: −1.2 pts

Structural DemandTrailed the S&P 500

LMTLockheed MartinIssue No. 02 · July 3, 2026 · Industrials

FF Score: Not scored
Issue-week move: up 7.6 percent
1-week forward: down 4.2 percent
S&P 500: up 1.4 percent
Relative: −5.5 pts

Contract WinTrailed the S&P 500

NUENucorIssue No. 02 · July 3, 2026 · Materials

FF Score: Not scored
Issue-week move: down 7.9 percent
1-week forward: up 3.0 percent
S&P 500: up 1.4 percent
Relative: +1.6 pts

Guidance RaiseBeat the S&P 500

RTXRTX CorporationIssue No. 02 · July 3, 2026 · Industrials

FF Score: 90
Issue-week move: up 6.0 percent
1-week forward: down 1.7 percent
S&P 500: up 1.4 percent
Relative: −3.0 pts

Fresh BreakoutGuidance RaiseTrailed the S&P 500

APGEApogee TherapeuticsIssue No. 01 · June 26, 2026 · Health Care

FF Score: 84
Issue-week move: up 46.8 percent
1-week forward: up 0.3 percent
S&P 500: up 2.2 percent
Relative: −1.9 pts

News SpikeAcquisitionBuyoutTrailed the S&P 500

JPMJPMorgan ChaseIssue No. 01 · June 26, 2026 · Financials

FF Score: 82
Issue-week move: up 3.0 percent
1-week forward: up 1.6 percent
S&P 500: up 2.2 percent
Relative: −0.5 pts

Watch PullbackCapital ReturnsTrailed the S&P 500

MSMorgan StanleyIssue No. 01 · June 26, 2026 · Financials

FF Score: Not scored
Issue-week move: down 0.9 percent
1-week forward: up 0.9 percent
S&P 500: up 2.2 percent
Relative: −1.3 pts

Capital ReturnsTrailed the S&P 500

MUMicron TechnologyIssue No. 01 · June 26, 2026 · Technology

FF Score: 76
Issue-week move: up 7.0 percent
1-week forward: down 13.8 percent
S&P 500: up 2.2 percent
Relative: −16.0 pts

Watch PullbackEarnings MomentumTrailed the S&P 500

SNDKSanDiskIssue No. 01 · June 26, 2026 · Technology

FF Score: 80
Issue-week move: up 6.9 percent
1-week forward: down 16.5 percent
S&P 500: up 2.2 percent
Relative: −18.7 pts

ExtendedEarnings MomentumTrailed the S&P 500

Sector Rotation Board

Where the Money Went

All eleven S&P 500 sectors, ranked by this week's performance. Rotation, not headlines, tells you where institutions are actually putting money to work.

S&P 500 -1.04% Nasdaq -2.64%for the week

Leading Improving Neutral Slipping Lagging

S&P 500 -1.04%Nasdaq -2.64%

Cons. Staplesup 3.8 percent

Utilitiesup 2.9 percent

Financialsup 2.5 percent

Health Careup 2.3 percent

Materialsup 2.2 percent

Energyup 1.5 percent

Cons. Discretionaryup 1.4 percent

Real Estateup 1.3 percent

Industrialsdown 0.7 percent

Technologydown 3.6 percent

Comm. Servicesdown 4.5 percent

-6%0+6%

Swipe or scroll horizontally to see every column.

Sector	Weekly Move	Trend	Notes
Consumer Staples	up 3.8 percent	Leading	The best sector of the week at 3.82 percent, carried by a broad move across food and household names rather than by one result, with long yields down 14 basis points supporting the whole group.
Utilities	up 2.9 percent	Leading	Up 2.93 percent with every large name higher between 2.06 and 5.83 percent, which is a rate reflex rather than company news and is the purest expression of the 14 basis point fall in long yields.
Financials	up 2.5 percent	Leading	Up 2.50 percent on insurance and exchange strength, with the brokers moving as a group and the index and data businesses posting the strongest company results in the sector.
Health Care	up 2.3 percent	Leading	Up 2.32 percent in a second consecutive week of defensive leadership, broad across pharma, managed care and devices with no single name carrying the average.
Materials	up 2.2 percent	Neutral	Up 2.23 percent on chemicals and aggregates, with the standout earnings inflection in commodity chemicals offset by copper and fertiliser names falling 7 to 9 percent.
Energy	up 1.5 percent	Neutral	Up 1.52 percent with Brent crude at a five month high near 112 dollars on Middle East supply risk, though the refiners fell as crack spreads compressed against the higher feedstock.
Consumer Discretionary	up 1.4 percent	Neutral	Up 1.41 percent, with homebuilders rising 5 to 9 percent on the fall in long yields while restaurants and travel were mixed, so the gain is a rate story rather than a demand story.
Real Estate	up 1.3 percent	Slipping	Up only 1.26 percent and eighth of eleven despite a 14 basis point fall in long yields, which is the clearest tailwind the sector gets. Lagging a rising tape on good news is worth noting.
Industrials	down 0.7 percent	Slipping	Down 0.69 percent, and the sector number describes neither half of it. The artificial intelligence power and electrical chain fell hard while defence and classic industrials rose 4 to 11 percent, a spread of more than 24 points inside one sector.
Technology	down 3.6 percent	Lagging	Down 3.62 percent, with the damage concentrated in anything whose artificial intelligence story is a spending commitment. Apple rose 1.82 percent and is the mega cap with the least capital spending exposure.
Communication Services	down 4.5 percent	Lagging	The worst sector of the week at minus 4.46 percent, below technology, because Meta fell 11.93 percent and Alphabet 7.16 and the two of them dominate the group.

What Trend means

Trend is not this week's return. The Weekly Move column is the week's price move; Trend is our read on where capital is rotating over recent weeks and where leadership looks headed from here. The two can disagree, and often should: a sector can post a strong week on one name's earnings and still be Neutral, or fall on the week and still be Leading because money keeps moving toward it. Trend is a judgment, not a calculation, and it is the part of this table most likely to be wrong.

Leadingmoney is moving in and the group is setting the market’s direction.

Improvingflows have turned positive but the group is not leading yet.

Neutralno clear rotation either way, whatever the week’s number looked like.

Slippingmoney is starting to leave, even if the group has not broken down.

Laggingflows are against the group and it is trailing the market.

Why It Moved

The Story Behind Each Move

A number tells you what happened. These cards tell you why it happened, what could break the thesis, and what to do with the information.

ROPup 14.1 percent issue week

Catalyst

On October 22 Roper Technologies reported third quarter revenue of 2.17 billion dollars, up 8 percent with 7 percent organic growth, and adjusted earnings of 5.89 dollars a share, up 15 percent. It raised full year adjusted guidance to between 22.35 and 22.40 dollars from 22.15 to 22.30 and guided the fourth quarter to 5.95 to 6.00 dollars. The shares rose 9.73 percent that session on 1.98 million shares against a weekly average under one million.

Why It Mattered

It is the cleanest example of the week division. A software company rose 14.06 percent while its own sector fell 3.62 percent, and on the day of the report it rose 9.73 percent while the sector fund fell 3.29 percent, a 13 point gap inside one sector in one session. A rotation does not produce that. An earnings report does.

Risk Note

Adjusted net earnings rose 5 percent while adjusted earnings per share rose 15, and the whole difference is a share count that fell from roughly 109 million to 99.4 million. Two thirds of the number the market reacted to came from the buyback rather than from the business, and 3.84 of the 14.06 percent week arrived on October 20 with no company announcement found for that date.

Reader Takeaway

Earnings per share can grow because profit grew or because the share count shrank, and the headline will not tell you which. Always read the per share figure next to the earnings figure behind it.

ALLEup 13.3 percent issue week

Catalyst

On October 22 Allegion reported third quarter revenue of 1,172.6 million dollars, up 9.6 percent and 7.2 percent organically, adjusted earnings of 2.60 dollars a share against a 2.50 dollar consensus, and an adjusted operating margin of 24.7 percent against 24.1 a year earlier. Americas revenue grew 11.7 percent reported and 9.1 percent organically on double digit organic growth in non residential. Full year adjusted earnings guidance was raised to 9.05 to 9.10 dollars.

Why It Mattered

The growth sits where it is hardest to fake. Non residential construction hardware is specified into a building design months before it ships, so a strong quarter reports on decisions already made. The margin confirms it: 24.7 percent from 24.1 on 7.2 percent organic growth means price and volume arrived together, which almost nothing else in this issue managed.

Risk Note

International organic revenue fell 0.2 percent, so one region carries the whole company. And a full year organic guide of 5.0 to 6.0 percent set after a 7.2 percent quarter is management saying the fourth quarter decelerates. The uncomfortable part is that non residential includes data centre construction, which is the exact spending the market spent this week repricing.

Reader Takeaway

A guidance raise and a decelerating guide can be the same sentence. Compare the full year range to the quarter that just printed before deciding what was raised.

NDAQup 10.5 percent issue week

Catalyst

On October 22 Nasdaq reported third quarter net revenue of 1.481 billion dollars, up 13 percent and 14 percent organically, with Solutions revenue of 1.172 billion dollars up 17 percent, index revenue of 286 million dollars up 39 percent, annualised recurring revenue of 3.365 billion dollars up 12 percent and non-GAAP earnings of 1.04 dollars a share up 18 percent on a 57 percent non-GAAP operating margin. The shares rose 7.47 percent that session.

Why It Mattered

The company rose 10.48 percent in the week the index it is named after fell 2.64 percent, and the quarter explains why. Market Services, the actual exchange, produced 309 million dollars of 1.481 billion in net revenue and grew 2 percent. The growth is index licensing and subscription software, so roughly a fifth of the business is the exchange and the fast part is data.

Risk Note

Index revenue grew 39 percent because it is charged on the assets tracking Nasdaq indexes, and those assets are the same constituents that just fell. If the index keeps falling that line decelerates mechanically, with about a quarter of lag. Management also flagged a modest softening in the initial public offering market, and at about 24.8 times the annualised quarter this is the highest multiple of the five.

Reader Takeaway

An exchange is not a bet on its own index, but an index licensing business partly is. Find out which line of a company actually earns the money before assuming what it is exposed to.

DOWup 7.3 percent issue week

Catalyst

On October 22 Dow reported third quarter net sales of 11.3 billion dollars, up 13 percent, and operating earnings of 0.71 dollars a share against a loss of 0.19 dollars a year earlier. Operating EBIT reached 887 million dollars, up 707 million year over year. Packaging and Specialty Plastics grew net sales 18 percent to 5.778 billion dollars and expanded its operating EBIT margin to 10.1 percent from 4.1. Free cash flow was 1.1 billion dollars.

Why It Mattered

It is the largest earnings swing in the issue and it came from decisions rather than from waiting for demand. Management credits a 1 billion dollar cost programme, 700 million dollars of Transform to Outperform benefits in 2026 and European asset shutdowns building through 2027, targeting about 2 billion dollars of total uplift by the end of next year. Operating cash flow of 1.839 billion, up 709 million, confirms it in cash rather than only in accounting.

Risk Note

The 13 percent sales growth is local price up 14 percent and volume DOWN 1 percent. End demand did not improve at all. Price is the most mean reverting variable in the most cyclical industry here, and a margin that went from 4.1 to 10.1 percent on spread can give it back on spread. The 11.2 times it trades at is the cheapest number in the issue and the least trustworthy, because it annualises the steepest point of a recovery.

Reader Takeaway

Split revenue growth into price and volume before you believe it. The same 13 percent means something very different when the volume line is negative.

PGup 5.4 percent issue week

Catalyst

On October 22 Procter and Gamble reported first quarter fiscal 2027 net sales of 23.3 billion dollars, up 4.0 percent, with organic sales also up 4.0 percent composed of 2.0 points of volume, 0.4 of pricing and 1.1 of mix. All five reporting segments grew organically, led by Beauty at 5.4 percent and Fabric and Home Care at 4.8. Core earnings were 2.00 dollars a share. The shares rose 5.58 percent that session.

Why It Mattered

Where the growth came from is the point. For most of two years the large staples companies have grown by charging more, and 2.0 points of volume means households bought more units, which says far more about a consumer business than the same growth taken in price. All five segments positive rather than one carrying an average.

Risk Note

The company printed 4.0 percent organic against a full year guide of one to three and did not raise, and the reason is on the margin line: core gross margin fell 150 basis points and core operating margin 80. It carries a 1.4 billion dollar after tax commodity headwind, and Brent crude closed the week near 112 dollars on Middle East supply risk. At about 23.7 times its own guided core earnings midpoint, it is the most expensive pick here relative to the growth it is guiding to.

Reader Takeaway

A company that beats its own guide and declines to raise it is telling you something. Read the margin line to find out what.

Backward Looking

Screening Record

The Friday Five identifies stocks after they have already moved during the issue week. These statistics describe the screening environment. They are not reader returns, portfolio returns, or evidence of skill, and beating the index inside the selection window is the selection rule restating itself rather than a forecast that came true.

Average Issue-Week Move

up 13.0 percent

90 picks across 18 issues

The S&P 500 averaged +0.13% over those same weeks. This is the window each pick was screened from, so read it as a description of the screen.

Average Issue-Week Move, Excluding

up 11.1 percent

86 picks, 4 removed

The same average with the 4 takeover targets (APGE, CRNX, PTC, OPCH) removed. That gap is the honest measure of how much of the record is unrepeatable.

Issue-Week Win Rate

88.9%

80 of 90 picks

Picks that finished their issue week positive. 88.9%beat the S&P 500 that week, which again is what the screen selects for.

Picks Published

18 issues, five per issue

All of them, winners and losers, nothing filtered. Every one is listed on this page.

An average of one-week returns across 18 different issue weeks is not a compounded return and it is not what an investor would have earned. It weights every pick equally, ignores costs and taxes, and covers a history far too short to judge a process by. Read it as a description of what was published.

The Record

Every Pick Since Inception

90 picks across 18 issues, month by month. Monthly returns measure the calendar month rather than the week the pick ran, so a name can be green on its issue week and red for the month.

September 202620 featured picks4 issues+11.18% average monthly return-0.45%S&P 500View 20 picksHide 20 picks

Top five stocks covered by The Friday Five in September, ranked by full month price return (August 31 close to September 30 close).

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Monthly Return	Sector	Catalyst	Friday Five Score	Actionability
01	NTRA	Natera, Inc.	up 28.4 percent	Health Care	Clinical DataThe largest molecular residual disease dataset ever presented in lung cancer showed strong prognostic value for the Signatera test.	71	Extended
02	ILMN	Illumina, Inc.	up 28.1 percent	Health Care	Index InclusionReturned to the S&P 500, announced September 4, after a long period outside the index.	71	Extended
03	META	Meta Platforms, Inc.	up 26.7 percent	Communication Services	Adoption DataThe Muse personal AI agent ranked first among free apps on both United States app stores on September 21, two weeks after launch.	84	Extended
04	SIG	Signet Jewelers Limited	up 24.4 percent	Consumer Discretionary	Guidance RaiseRaised full year adjusted earnings guidance 13.1 percent at the midpoint while leaving sales guidance unchanged.	84	News Spike
05	OKTA	Okta, Inc.	up 20.8 percent	Technology	Standards CoalitionFormed an industry coalition on identity standards for autonomous software agents and added an agent runtime gateway.	79	Extended

The Friday Five Score and Actionability label on this table are the ones each stock was published with in its issue week. Neither is recalculated over a month, so read them as a note on the week the pick ran, not a grade on the month.

Every September pick

All 20 companies covered in September 2026, ranked by full month return. The S&P 500 returned -0.45% over the same window. Full month returns measured from the Monday, August 31 close to the Wednesday, September 30 close.

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Monthly Return	Sector	Covered In	Catalyst
01	NTRA	Natera, Inc.	up 28.4 percent	Health Care	Issue No. 13	Clinical Data
02	ILMN	Illumina, Inc.	up 28.1 percent	Health Care	Issue No. 14	Index Inclusion
03	META	Meta Platforms, Inc.	up 26.7 percent	Communication Services	Issue No. 14	Adoption Data
04	SIG	Signet Jewelers Limited	up 24.4 percent	Consumer Discretionary	Issue No. 12	Guidance Raise
05	OKTA	Okta, Inc.	up 20.8 percent	Technology	Issue No. 14	Standards Coalition
06	DOCN	DigitalOcean Holdings, Inc.	up 20.5 percent	Technology	Issue No. 12	Outlook Raise
07	DELL	Dell Technologies	up 18.0 percent	Technology	Issue No. 11	Guidance Raise
08	NET	Cloudflare, Inc.	up 13.8 percent	Technology	Issue No. 12	Outlook Raise
09	ASO	Academy Sports and Outdoors, Inc.	up 11.9 percent	Consumer Discretionary	Issue No. 12	Guidance Raise
10	GNRC	Generac Holdings	up 11.6 percent	Industrials	Issue No. 13	Contract Win
11	BBY	Best Buy	up 10.1 percent	Consumer Discretionary	Issue No. 11	Guidance Raise
12	VLO	Valero Energy Corporation	up 8.0 percent	Energy	Issue No. 14	Policy Shock
13	MPC	Marathon Petroleum Corporation	up 5.9 percent	Energy	Issue No. 13	Margin Expansion
14	ZS	Zscaler, Inc.	up 5.9 percent	Technology	Issue No. 13	Sector Rerating
15	HCA	HCA Healthcare, Inc.	up 3.0 percent	Health Care	Issue No. 12	Demand Confirmation
16	DE	Deere & Company	up 2.5 percent	Industrials	Issue No. 11	Cycle Turn
17	KR	The Kroger Co.	up 1.9 percent	Consumer Staples	Issue No. 13	Guidance Cut
18	GTLB	GitLab	up 1.5 percent	Technology	Issue No. 11	Beat and Raise
19	NEE	NextEra Energy, Inc.	down 8.0 percent	Utilities	Issue No. 14	Rate Shock
20	CF	CF Industries Holdings	down 11.4 percent	Materials	Issue No. 11	Supply Shock

August 202620 featured picks4 issues+29.57% average monthly return+2.62%S&P 500View 20 picksHide 20 picks

Top five stocks covered by The Friday Five in August, ranked by full month price return (July 31 close to August 31 close).

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Monthly Return	Sector	Catalyst	Friday Five Score	Actionability
01	MRNA	Moderna	up 156.0 percent	Health Care	Trial ReadoutLate stage trial readout that repriced the whole pipeline	79	News Spike
02	TEAM	Atlassian Corporation	up 92.2 percent	Technology	Earnings BeatFourth quarter beat with cloud revenue growth reaccelerating	86	Fresh Breakout
03	VEEV	Veeva Systems	up 40.2 percent	Health Care	Guidance RaiseRaised full year subscription revenue and operating margin guidance	84	Extended
04	CRM	Salesforce	up 40.0 percent	Technology	Guidance RaiseBacklog growth accelerated to 14 percent and full year revenue guidance was raised	85	Fresh Breakout
05	MP	MP Materials	up 32.3 percent	Materials	Volume InflectionRefined output stepped up as rare earth supply policy tightened	81	Extended

Every August pick

All 20 companies covered in August 2026, ranked by full month return. The S&P 500 returned +2.62% over the same window. Full month returns measured from the Friday, July 31 close to the Monday, August 31 close.

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Monthly Return	Sector	Covered In	Catalyst
01	MRNA	Moderna, Inc.	up 156.0 percent	Health Care	Issue No. 09	Trial Readout
02	TEAM	Atlassian Corporation	up 92.2 percent	Technology	Issue No. 08	Earnings Beat
03	VEEV	Veeva Systems Inc.	up 40.2 percent	Health Care	Issue No. 10	Guidance Raise
04	CRM	Salesforce, Inc.	up 40.0 percent	Technology	Issue No. 10	Guidance Raise
05	MP	MP Materials Corp.	up 32.3 percent	Materials	Issue No. 08	Volume Inflection
06	ELF	e.l.f. Beauty	up 31.6 percent	Consumer Staples	Issue No. 07	Guidance Raise
07	HALO	Halozyme Therapeutics, Inc.	up 29.0 percent	Health Care	Issue No. 08	Guidance Raise
08	CACI	CACI International	up 25.2 percent	Industrials	Issue No. 07	Guidance Raise
09	CRL	Charles River Laboratories	up 24.0 percent	Health Care	Issue No. 07	Guidance Raise
10	EL	The Estee Lauder Companies Inc.	up 21.9 percent	Consumer Staples	Issue No. 09	Beat and Raise
11	OKTA	Okta, Inc.	up 21.9 percent	Technology	Issue No. 10	Guidance Raise
12	ZBRA	Zebra Technologies	up 20.3 percent	Technology	Issue No. 07	Guidance Raise
13	MPC	Marathon Petroleum Corporation	up 18.0 percent	Energy	Issue No. 08	Supply Shock
14	TNK	Teekay Tankers Ltd.	up 12.9 percent	Energy	Issue No. 09	Supply Shock
15	MRVL	Marvell Technology, Inc.	up 12.8 percent	Technology	Issue No. 09	Contract Win
16	ARES	Ares Management	up 11.8 percent	Financials	Issue No. 07	Record Fundraising
17	APO	Apollo Global Management, Inc.	up 8.8 percent	Financials	Issue No. 08	Structural Demand
18	CLF	Cleveland-Cliffs Inc.	up 0.3 percent	Materials	Issue No. 10	Capacity Investment
19	DG	Dollar General Corporation	down 0.2 percent	Consumer Staples	Issue No. 10	Guidance Raise
20	STLD	Steel Dynamics, Inc.	down 7.4 percent	Materials	Issue No. 09	Policy Shock

July 202620 featured picks4 issues+9.35% average monthly return-0.13%S&P 500View 20 picksHide 20 picks

Top five stocks covered by The Friday Five in July, ranked by full month price return (June 30 close to July 31 close).

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Monthly Return	Sector	Catalyst	Friday Five Score	Actionability
01	CRNX	Crinetics Pharmaceuticals	up 123.2 percent	Health Care	AcquisitionVertex agreed to acquire it for roughly $10 billion at $85 per share in cash	83	News Spike
02	MSFT	Microsoft	up 24.6 percent	Technology	Cloud ReaccelerationAzure growth accelerated to 43% and cloud revenue passed $100 billion for the first time	91	Extended
03	CLF	Cleveland-Cliffs	up 22.7 percent	Materials	Earnings InflectionQ2 core profit roughly tripled with a stronger second half outlook	72	Extended
04	VLO	Valero Energy	up 20.1 percent	Energy	Record EarningsRecord quarterly profit as refining margins nearly tripled	78	Watch Pullback
05	VOD	Vodafone Group	up 19.3 percent	Communication Services	Ownership Changee& agreed to sell its 16.2% stake to a Xavier Niel backed vehicle for about $5.95 billion	74	News Spike

Every July pick

All 20 companies covered in July 2026, ranked by full month return. The S&P 500 returned -0.13% over the same window. Full month returns measured from the Tuesday, June 30 close to the Friday, July 31 close.

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Monthly Return	Sector	Covered In	Catalyst
01	CRNX	Crinetics Pharmaceuticals	up 123.2 percent	Health Care	Issue No. 03	AcquisitionBuyout
02	MSFT	Microsoft	up 24.6 percent	Technology	Issue No. 06	Cloud Reacceleration
03	CLF	Cleveland-Cliffs	up 22.7 percent	Materials	Issue No. 05	Earnings Inflection
04	VLO	Valero Energy	up 20.1 percent	Energy	Issue No. 06	Record Earnings
05	VOD	Vodafone Group	up 19.3 percent	Communication Services	Issue No. 04	Ownership Change
06	FANG	Diamondback Energy	up 15.5 percent	Energy	Issue No. 03	Macro Catalyst
07	GM	General Motors	up 15.3 percent	Consumer Discretionary	Issue No. 05	Beat and Raise
08	BLK	BlackRock	up 13.4 percent	Financials	Issue No. 04	Earnings Beat
09	KO	Coca-Cola	up 7.8 percent	Consumer Staples	Issue No. 06	Beat and Raise
10	GEHC	GE HealthCare	up 6.3 percent	Health Care	Issue No. 06	Order Acceleration
11	KR	Kroger	up 4.0 percent	Consumer Staples	Issue No. 03	Acquisition
12	EQT	EQT Corporation	up 0.2 percent	Energy	Issue No. 05	Guidance Raise
13	META	Meta Platforms	down 1.2 percent	Communication Services	Issue No. 06	Capex Backlash
14	LASR	nLIGHT	down 1.2 percent	Technology	Issue No. 03	Contract Win
15	SMCI	Super Micro Computer	down 3.2 percent	Technology	Issue No. 05	Preliminary Update
16	ISRG	Intuitive Surgical	down 11.2 percent	Health Care	Issue No. 05	Guidance Disappointment
17	PNR	Pentair	down 14.6 percent	Industrials	Issue No. 04	Guidance Cut
18	AEHR	Aehr Test Systems	down 16.7 percent	Technology	Issue No. 04	Guidance Raise
19	LITE	Lumentum	down 16.8 percent	Technology	Issue No. 03	Sector Momentum
20	IBM	IBM	down 20.5 percent	Technology	Issue No. 04	Profit Warning

June 20269 featured picks2 issues+13.12% average monthly return-1.06%S&P 500View 9 picksHide 9 picks

Top five stocks covered by The Friday Five in June, ranked by full month price return (May 29 close to June 30 close).

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Monthly Return	Sector	Catalyst	Friday Five Score	Actionability
01	APGE	Apogee Therapeutics	up 61.6 percent	Health Care	AcquisitionTakeout agreement at $135 per share in cash	84	News Spike
02	SNDK	Sandisk	up 34.1 percent	Technology	Earnings MomentumMemory pricing supercycle driven by AI data center demand	80	Extended
03	MU	Micron Technology	up 18.9 percent	Technology	Earnings MomentumRecord results on AI memory demand, then a sharp early July selloff	76	Watch Pullback
04	JPM	JPMorgan Chase	up 9.4 percent	Financials	Capital ReturnsStress test pass, dividend raise, and a new buyback	82	Watch Pullback
05	RTX	RTX Corporation	up 5.6 percent	Industrials	Guidance RaiseDefense production ramp plus a raised full year outlook	90	Fresh Breakout

Every June pick

All 9 companies covered in June 2026, ranked by full month return. The S&P 500 returned -1.06% over the same window. Full month returns measured from the Friday, May 29 close to the Tuesday, June 30 close.

Swipe or scroll horizontally to see every column.

Rank	Ticker	Company	Monthly Return	Sector	Covered In	Catalyst
01	APGE	Apogee Therapeutics	up 61.6 percent	Health Care	Issue No. 01	AcquisitionBuyout
02	SNDK	SanDisk	up 34.1 percent	Technology	Issue No. 01	Earnings Momentum
03	MU	Micron Technology	up 18.9 percent	Technology	Issue No. 01	Earnings Momentum
04	JPM	JPMorgan Chase	up 9.4 percent	Financials	Issue No. 01 and Issue No. 02	Capital Returns
05	RTX	RTX Corporation	up 5.6 percent	Industrials	Issue No. 02	Guidance Raise
06	KMI	Kinder Morgan	up 2.9 percent	Energy	Issue No. 02	Structural Demand
07	MS	Morgan Stanley	up 0.5 percent	Financials	Issue No. 01	Capital Returns
08	LMT	Lockheed Martin	down 4.0 percent	Industrials	Issue No. 02	Contract Win
09	NUE	Nucor	down 10.9 percent	Materials	Issue No. 02	Guidance Raise

How to read this record

Buyoutmarks a pick whose move came from an announced bid for the company itself. That return is a single, unrepeatable event, and ranking purely by price return would otherwise park those names at the top of every table forever. Acquisition events stay in the official record because they were real outcomes for selected securities, flagged, and the Screening Record reports the average with and without them.

A company covered in more than one issue appears once per month with both issues credited. Only companies the issue actually selected appear here: a company named for earnings-calendar, macro, sector or competitor context is never counted as a pick, and never enters any average on this page.

Scoring

How the Friday Five Score Works

The Friday Five Score is a structured research-ranking system used to compare the five featured companies within an issue. It is not a probability of future gains and it is not a buy recommendation. Every candidate is graded across seven categories with fixed point ceilings that sum to 100. Methodology version 1.0.

What the score does not tell you

The Friday Five Score grades the quality of a move that has already happened. It is backward looking by construction: Performance Significance can only be measured after the move, and Catalyst Quality grades an event that has already been announced. A stock scoring 88 means the run it just had was well supported, not that the next one is coming.

A high score is a reason to read further, and often a reason for caution, because the highest scores tend to belong to the stocks that have already moved the most. Nothing on this page forecasts a return.

Category-level grades are assigned during research but only the total is stored with each published pick, so no per-stock breakdown is shown. Reconstructing one from the total would be an estimate presented as a record.

Swipe or scroll horizontally to see every column.

Category	Points	Basis	What it grades
Performance Significance	20 / 100	Calculated	How large and how unusual the issue-week move was, measured against the index, the sector, and the stock’s own volume. Absolute weekly return Return relative to the S&P 500 Return relative to the sector Volume confirmation Whether the move was statistically unusual
Catalyst Quality	20 / 100	Analyst judgment	Whether a dated, verifiable event explains the move, and whether that event is material enough to still matter next quarter. Catalyst confirmation Catalyst materiality Mechanism clarity Timing alignment Durability
Research Confidence	15 / 100	Analyst judgment	How well the underlying facts hold up: source quality, whether independent data providers agree, and whether the fact-check closed clean. Source quality Data agreement across providers Fact-check status Absence of unresolved contradictions Reproducibility
Risk Transparency	15 / 100	Analyst judgment	Not whether the stock is risky, but whether the risks are known, explainable, and disclosed rather than hidden inside the move. Whether risks are known Whether risks can be explained Whether risks are acceptable for publication Whether the move is not dominated by hidden risks
Market Relevance	10 / 100	Analyst judgment	How closely the name connects to the week’s broader market theme. Connection to broader market themes Sector importance Investor relevance Macro or industry significance
Educational Value	10 / 100	Analyst judgment	Whether the story teaches a transferable investing concept. The newsletter is an education product, and the score says so. Reader lesson Financial literacy value Vocabulary opportunity Demonstrates a useful investing concept
Liquidity and Investability	10 / 100	Calculated	Whether an ordinary reader could actually trade the name without the spread eating the idea. Average dollar volume Share volume Market capitalization Price reliability Ease of explaining trading limitations

Categories marked Analyst judgment are graded against banded criteria by a reviewer rather than computed from a formula. Scores published under an earlier methodology version keep that version and are not retroactively regraded.

Methodology

How Every Figure Is Calculated

Measurement window

Each issue states its own window explicitly, measured close to close on trading days rather than as seven calendar days. Market holidays, shortened weeks and halted sessions shift the dates; they never shorten the window silently.

Maturity

A pick becomes matured once the complete forward measurement window has elapsed on valid trading-day price data. Until then the window reads Not tracked. Of 90 published picks, 85 have a matured one-week window.

Benchmark

Each selection is compared with the S&P 500 over the identical measurement dates used for that stock. Aggregate benchmark performance is the average of those matched windows, never a single index return spanning one long calendar period.

Price return, not total return

Every figure on this page is a price return from split-adjusted closes, excluding dividends, on both sides of every comparison. A total return figure is never compared against a price return figure.

Corporate actions

Splits and reverse splits are handled through adjusted closes. Acquisitions are flagged and kept in the record, with a second average published excluding them. Ticker changes and delistings are resolved to the security, not the symbol.

Aggregation

Averages weight every pick equally. They are not compounded, they assume no position sizing, and they ignore costs and taxes. Every rate on this page is printed with the count behind it.

Data corrections

When a published figure turns out to be wrong, the correction is posted here with both values. Historically published numbers are not silently overwritten.

VLO · July 2026 monthly return · corrected August 1, 2026

Previously published+20.61%

Corrected to+20.14%

The published number was a total return that included Valero’s $1.20 July dividend, while every other figure in that table is a price return excluding dividends, which is the basis stated in the Performance Methodology. Mixing the two bases inside one table makes the column non-comparable.

VLO’s rank within the month is unchanged. The monthly leaders table and the full July record were both updated. Affected surface: July 2026 monthly leaders table and full July record. Originally published July 31, 2026. See the Performance Methodology.

This page is for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any security. Returns use price return from split-adjusted closing prices, excluding dividends. Past performance does not predict future results. See the full Performance Methodology for how figures are calculated, labeled, and verified.

Read, evaluate, track, learn.

A page like this is worth more as practice than as proof. Reading an issue, forming a view, and then coming back to see how it aged is how the judgment gets better, and it is the reason the losers are still here. The free issue arrives every Friday. We're also considering a future Edge Report with entry zones, invalidation levels and sizing tiers for the same five names, at an expected $25 a month. Nothing is for sale yet.

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